Village Farms Files Q3 2024 10-Q Report

Ticker: VFF · Form: 10-Q · Filed: 2024-11-07T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, agriculture, cannabis

TL;DR

VFF Q3 2024 10-Q filed. Check financials.

AI Summary

Village Farms International, Inc. filed its Q3 2024 10-Q report on November 7, 2024, for the period ending September 30, 2024. The company, previously known as Agro Power Development, Inc., is involved in agriculture production. Key financial data and segment information, including the Cannabis United States Segment and Energy Business, are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Village Farms International, Inc. for the third quarter of 2024.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal varying levels of risk depending on performance and disclosures.

Key Numbers

Key Players & Entities

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the third quarter of 2024, ending on September 30, 2024.

When was this 10-Q filed with the SEC?

This 10-Q was filed on November 7, 2024.

What was Village Farms International, Inc. formerly known as?

Village Farms International, Inc. was formerly known as Agro Power Development, Inc.

Which business segments are mentioned in the filing data?

The filing data mentions the Cannabis United States Segment and the Energy Business.

What is the Standard Industrial Classification for Village Farms International, Inc.?

The Standard Industrial Classification for Village Farms International, Inc. is AGRICULTURE PRODUCTION - CROPS [0100].

From the Filing

0000950170-24-122773.txt : 20241107 0000950170-24-122773.hdr.sgml : 20241107 20241107070524 ACCESSION NUMBER: 0000950170-24-122773 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 69 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Village Farms International, Inc. CENTRAL INDEX KEY: 0001584549 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38783 FILM NUMBER: 241433097 BUSINESS ADDRESS: STREET 1: 90 COLONIAL CENTER PKWY CITY: LAKE MARY STATE: FL ZIP: 32746 BUSINESS PHONE: 4079361190 MAIL ADDRESS: STREET 1: 90 COLONIAL CENTER PKWY CITY: LAKE MARY STATE: FL ZIP: 32746 FORMER COMPANY: FORMER CONFORMED NAME: Agro Power Development, Inc. DATE OF NAME CHANGE: 20240930 FORMER COMPANY: FORMER CONFORMED NAME: Village Farms International, Inc. DATE OF NAME CHANGE: 20130815 10-Q 1 vff-20240930.htm 10-Q 10-Q Q3 0001584549 --12-31 false Unlimited Unlimited 0001584549 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001584549 vff:RoseLifeScienceIncMember 2023-07-01 2023-09-30 0001584549 vff:TermLoanTwoMember vff:PureSunfarmsMember 2024-01-01 2024-09-30 0001584549 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-09-30 0001584549 us-gaap:LicensingAgreementsMember 2023-12-31 0001584549 us-gaap:CustomerRelationshipsMember 2023-12-31 0001584549 us-gaap:NoncontrollingInterestMember 2024-07-01 2024-09-30 0001584549 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-09-30 0001584549 vff:CannabisUnitedStatesSegmentMember 2024-06-30 0001584549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-09-30 0001584549 vff:EnergyBusinessMember 2024-07-01 2024-09-30 0001584549 us-gaap:GoodwillMember vff:CannabisUnitedStatesSegmentMember srt:MinimumMember 2024-01-01 2024-06-30 0001584549 srt:ScenarioPreviouslyReportedMember 2024-06-30 0001584549 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-09-30 0001584549 vff:PureSunfarmsMember vff:BDCFacilityMember 2024-01-01 2024-09-30 0001584549 vff:CannabisBusinessMember country:US 2024-01-01 2024-09-30 0001584549 vff:TermLoanFCCLoanMember 2024-01-01 2024-09-30 0001584549 vff:CannabisBusinessMember country:US 2023-12-31 0001584549 vff:CannabisBusinessMember country:CA 2024-01-01 2024-09-30 0001584549 us-gaap:MachineryAndEquipmentMember 2024-09-30 0001584549 vff:RevolvingOperatingLoanMember 2024-01-01 2024-09-30 0001584549 2024-01-01 2024-09-30 0001584549 vff:ProduceBusinessMember 2023-07-01 2023-09-30 0001584549 srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember 2023-01-01 2023-12-31 0001584549 vff:TermLoanOneMember vff:PureSunfarmsMember 2023-01-01 2023-12-31 0001584549 2023-06-30 0001584549 srt:ScenarioPreviouslyReportedMember us-gaap:NoncontrollingInterestMember 2023-12-31 0001584549 us-gaap:CommonStockMember 2024-06-30 0001584549 us-gaap:NoncontrollingInterestMember 2023-06-30 0001584549 us-gaap:RestrictedStockMember 2024-01-01 2024-09-30 0001584549 vff:CannabisBusinessMember country:CA 2024-09-30 0001584549 us-gaap:RetainedEarningsMember 2023-06-30 0001584549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001584549 vff:RevolvingOperatingLoanMember vff:PureSunfarmsMember 2024-09-30 0001584549 vff:CannabisCanadaSegmentMember 2023-01-01 2023-09-30 0001584549 vff:CannabisBusinessMember vff:PublicUtilitiesInventoryFinishedGoodsMember 2023-12-31 0001584549 us-gaap:ConstructionInProgressMember 2023-12-31 0001584549 us-gaap:BuildingMember 2023-12-31 0001584549 us-gaap:CommonStockMember 2023-12-31 0001584549 vff:CannabisCanadaSegmentMember 2024-01-01 2024-09-30 0001584549 2023-09-30 0001584549 vff:SharePurchaseAgreementMember vff:RoseAcquisitionMember vff:EmployeeMember 2024-05-29 2024-05-29 0001584549 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-3

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